Stifel Firstegy Upgrades Journey Energy (TSE:JOY) to Buy

Stifel Firstegy upgraded shares of Journey Energy (TSE:JOYGet Rating) from a hold rating to a buy rating in a research report report published on Tuesday, Zacks.com reports.

Separately, Stifel Nicolaus upgraded Journey Energy from a hold rating to a buy rating and increased their price objective for the stock from C$6.75 to C$7.50 in a report on Wednesday.

Shares of Journey Energy stock opened at C$5.30 on Tuesday. The stock has a market cap of C$279.43 million and a PE ratio of 2.74. The business has a fifty day simple moving average of C$5.31 and a 200-day simple moving average of C$3.62. The company has a quick ratio of 0.74, a current ratio of 0.77 and a debt-to-equity ratio of 77.21. Journey Energy has a 12 month low of C$0.86 and a 12 month high of C$6.94.

Journey Energy (TSE:JOYGet Rating) last issued its earnings results on Wednesday, March 9th. The company reported C$0.10 EPS for the quarter, hitting the consensus estimate of C$0.10. The business had revenue of C$39.66 million during the quarter. Analysts expect that Journey Energy will post -0.24 EPS for the current fiscal year.

Journey Energy Company Profile (Get Rating)

Journey Energy Inc engages in the exploration, development, and production of crude oil and natural gas in the province of Alberta, Canada. The company was formerly known as Sword Energy Inc and changed its name to Journey Energy Inc in July 2012. Journey Energy Inc was founded in 2007 and is headquartered in Calgary, Canada.

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